(AOF) – The consolidated turnover for the year 2023 of Maurel & Prom amounts to 682 million dollars, a slight increase compared to the financial year 2022 (676 million dollars), despite a marked drop in the average selling price of oil, which amounts to 79.3 dollars/barrel in 2023 compared to 97.8 dollars/barrel in 2022. The gross operating surplus (EBITDA) stands at 359 million dollars , down 19% compared to the previous financial year ($443 million). Consolidated net income in 2023 amounts to $242 million, up 18% compared to 2022 (206 million).
Current net income (excluding exceptional items) was $255 million, up 21%. Group share net income amounts to $210 million.
Free cash flow for the 2023 financial year therefore amounts to $157 million compared to $198 million in 2022.
After studying the group’s financial situation and the performance achieved for the 2023 financial year, the Board of Directors proposes the payment of a dividend of 0.23 euros per share, for a total amount of $50 million.
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